Cadeler signs two contracts with Ørsted
Cadeler has signed two contracts with Ørsted for the Hornsea 3 offshore wind farm in the UK. Together the two contracts constitute a very large contract award*. The foundations contract will position the company in a completely new and strategic business area as a full-service T&I provider in the foundations space.
The first contract is for the transportation and installation (T&I) of all monopile type foundations on the project. The foundations contract will position the company in a completely new and strategic business area as a full-service T&I provider in the foundations space. The project is expected to begin in Q1/2026 and finish by the end of the year. The two companies signed the reservation agreement for this project back in August 2022.
The second contract is for the installation of around half of the Wind Turbine Generators (WTGs) required. The turbine project is forecast to begin just as the foundations project is completed around Q4/2026 and is expected to finish in 2027. Cadeler will make use of one of its two newbuild X-class vessels.
The signatures took place today at a live signing ceremony at the WindEurope Exhibition in Bella Centre, Copenhagen. Together the two contracts constitute a very large contract award.
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